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Beadell Resources Announces Plant Upgrade Underway Following Positive Feasibility Study

11 May 2017  |  11:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Plant Upgrade Underway Following Positive Feasibility Study

Beadell Resources provided results of a Feasibility Study (FS) completed on a plant upgrade project, incorporating the addition of a 6MW ball mill, a high-rate thickener, another leach tank and an oxygen sparging system (Project) at its 100% owned Tucano gold mine in northern Brazil. The FS demonstrates the viability of upgrading the Tucano process plant with an incremental estimated post-tax net present value of US$127m at a 5% discount rate and an estimated internal rate of return of 138%. The estimated pre-production capital cost is US$27.6m. Payback for the Project is 14 months. Given the robust results of the FS, the Board of Directors has approved the plant upgrade and the Project will commence immediately. It is expected that the Project will be commissioned in mid-2018.

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